ANN ARBOR - The Great Recession may have technically ended with gross domestic product growing again, but consumer attitudes and expectations remain at such historically low levels that the current economic situation still resembles a recession, one of the nation's leading experts on consumer economic sentiment said Thursday. Unlike the 1990-91 and 2001 recessions, the
ANN ARBOR - Government assistance to General Motors and Chrysler enabled orderly bankruptcy proceedings and led to the saving of more than 1.14 million jobs in 2009 alone, according to a new study from the Center for Automotive Research. The research also showed the bailout averted huge unemployment and welfare payments and as a result
NEW YORK - Gains in General Motors Co.'s shares Thursday allayed concerns that the revitalized car company had priced the shares too high in its initial public offering a day earlier. The shares were ahead 3.6 percent at $34.19 in 4 p.m. composite trading on the New York Stock Exchange, after opening at $35, a
NEW YORK - Though recent reports suggest retailers are optimistic about holiday sales and expect to see better year-over-year results, shoppers disagree and are planning to be more frugal than they were last year when it comes to holiday spending, according to a survey released today by global business-advisory firm AlixPartners LLP. The survey of
SAN FRANCISCO - With a new survey finding that half of the people polled plan to shop online for the holidays, security company Webroot offers some tips and tricks for staying safe in cyberspace. Among the more than 2,660 consumers surveyed in the U.S., the U.K., and Australia by Webroot, 55 percent said they do
WASHINGTON DC - A report delivered Thursday to Congress by a commission on U.S.-Chinese relations is pointing the finger at the Chinese government for continued hacking attempts and computer exploits. "Recent high-profile, China-based computer exploitations continue to suggest some level of state support, CNET News.Com reported. Indicators include the massive scale of these exploitations and
SOUTHFIELD ? If you sign up to host your own Salvation Army virtual red kettle you can be entered into the chance to win an expense-paid trip to Dallas on Thanksgiving Day to watch the Dallas Cowboys play the Super Bowl Champion New Orleans Saints. The Salvation Army?s Online Red Kettle has helped provide approximately
TROY - Join hundreds of Michigan business leaders, entrepreneurs, organizations and top growth companies from Michigan's emerging sectors Nov. 17 as they gather for a day of peer-to-peer networking, keynote presentations, informative break-out sessions at the Michigan Emerging 2010 Conference. Michigan Emerging, once known as the Celebrate Michigan Expo, is being produced by Arzika in
LANSING - The top staffers announced Monday by Governor-elect Rick Snyder are Lansing veterans with his choices for chief of staff, legal counsel and communications director having a combined more than 60 years of experience working in or around state government. For the critical post of chief of staff, Snyder turned to one of the
LANSING - Governor-elect Rick Snyder said Monday that he plans to present a two-year budget, one for the 2011-12 and 2012-13 fiscal years, to the Legislature next year. "There's no reason to wait," he said at a Capitol news conference. "We can't afford to wait. Let's get going on this new process." Going to a